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Announced

TPG Capital Asia to invest $360m in Apax-backed Fractal.

Synopsis

TPG Capital Asia agreed to invest $360m in Apax-backed Fractal, a global provider of artificial intelligence and advanced analytics solutions. The transaction is expected to close by the first quarter of 2022. "Apax has been a great partner to us as we have worked to grow our business, providing valuable insights from their tech experience, operational leadership, and access to their unique network. As we continue to build upon this foundation, the investment from TPG will accelerate our ability to scale and meet this rising demand globally," Pranay Agrawal, Fractal Co-Founder & CEO.

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